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Setups by Feature FAQ for Oracle Lease Management
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Setups by Feature FAQ for Oracle Lease Management
Checked for Relevance on 02-APR-2014Review the table below for a quick reference of the setups applicable by feature in Oracle Lease Management. The detailed navigation and setup steps are available in the Oracle Lease Management Implementation Guide.
Procedure:
1. Identify the feature in Oracle Lease Management you want to setup. 2. From table 1 identify the feature. 3. Asceratin the values you want to setup for the feature. 4. The setups and module are stated for each feature. The detailed navigation and setup steps are defined in the Oracle Lease Management Implementation Guide.
Example:
1. Feature – Contract Booking 2. Feature # 11 3. Values a. QA check - no additional validations b. Streams – Unbilled Receivables, Unearned Income, Residual Value c. Accounts i. Unbilled Receivables (Dr), Lease Clearing (Cr.) ii. Lease Clearing (Dr), Unearned Income (Dr) iii. Residual Value (Dr), Lease Clearing (Cr) 4. Setups d. QA check (Oracle Contracts) – no updates e. Stream types (Oracle Lease Management) – Unbilled Receivables, Unearned Income, Residual Value f. Stream Generation Template (Oracle Lease Management) - Unbilled Receivables, Unearned Income, Residual Value g. Accounting Template Set (Oracle Lease Management) - Unbilled Receivables (Unbilled Receivables (Dr), Lease Clearing (Cr.)), Unearned Income (Lease Clearing (Dr), Unearned Income (Dr)), Residual Value (Residual Value (Dr), Lease Clearing (Cr)) h. Stream Generation Process (Oracle Receivables, Profile Options, XML Gateway) – for supertrump, if required i. OKL: Asset Addition Corporate Book, OKL: Contract Items Inventory Organization, OKL: Lease Contract Approval Process, OKL: Lease Contract
Approver (Profile Options)
Table :
S. No.
OLM Feature
Values Setups Module
1 Absorbed Fee
Fee names, account codes
Stream types, stream generation template, accounting template set
Oracle Lease Management
2 Accrual Streams, Non accrual rules, accounting for cash based streams
Accrual rules, accounting options (financial options), stream types, stream generation templates, accounting template set, financial product
Oracle Lease Management
3 Asset Condition
Streams and accounting
Repair costs, stream types, stream generation template, accounting template set
Oracle Lease Management
4 Asset Disposal
Disposal process, streams and accounting
Transaction types
Oracle Order Management
Web store Oracle iStore
Price List Oracle Advanced Pricing
Operational options (remarketing and billing options), formulas, stream types, stream generation template, accounting template set, remarketing options
Oracle Lease Management
5 Asset Return, Repurchase Process T&C
Repurchase vendor, calculation basis
Remarketer assignments, program agreement, formulas, stream types, stream generation templates, accounting template set
Oracle Lease Management
OKL: Default Remarketer Team for Asset Returns, OKL: Default Subinventory
Profile Options
6 Automatic Contract Numbering
Sequence Contract numbering
Oracle Contracts
7 Book Classificati
Operating Lease,
Stream generation
Oracle Lease
on Direct Finance Lease, Sales Type Lease, Loan, Revolving Loan
template, Accounting template set, Financial product
Management
8 Billing Import
Streams and accounting
Property tax options, stream types, stream generation template and accounting template set
Oracle Lease Management
9 Billing T&C Hierarchy of streams for invoice consolidation and cash application
Cash application rules, search rules, invoice grouping rules, invoice messages
Oracle Lease Management
10 Capitalized Fee
Fee names, account codes
Stream types, stream generation template, accounting template set
Oracle Lease Management
11 Contract Booking
Validations, accounting and streams
QA check Oracle Contracts
Stream types, stream generation template, accounting
Oracle Lease Management
template set
Stream generation process
Oracle Receivables, Profile Options, XML Gateway
OKL: Asset Addition Corporate Book, OKL: Contract Items Inventory Organization, OKL: Lease Contract Approval Process, OKL: Lease Contract Approver
Profile Option
12 Contract Party
Additional party roles
Contract party roles
Oracle Contracts
13 Contract payment, asset payment, fee or service payment
Stream names, tax and accounting
Stream types, stream generation template, accounting template set
Oracle Lease Management
Transaction types
Oracle Receivables
14 Contract Template
OKL: Allow Lease Contract Template Creation
Profile Option
15 Credit Line Checklist Checklist Oracle Lease Management
OKL: Credit Line
Profile
Approver Option
16 Credit Requests
Credit request processing
Oracle Credit Management
OKL: Credit Analyst
Profile Option
17 Currency Conversion
Accounting currency
Contract currencies
Currency conversion types and rates
Oracle General Ledger
18 Customer Bill to address, payment method, bank accounts
Customer Oracle Trading Community Architecture
Payment method, bank accounts
Oracle Receivables
19 Depreciation Method
Depreciation method, prorate conventions
Oracle Assets
20 Early Termination Quote Calculation T&C, End of Term Quote Calculation T&C
Calculation basis
Formulas Oracle Lease Management
21 Expense Fee
Fee names, account codes
Stream types, stream generation template, accounting template set
Oracle Lease Management
22 Financed Fee Stream Oracle Lease
Fee names, account codes
types, stream generation template, accounting template set
Management
23 Force Place Automatic placement business rules
Oracle Lease Management
OKL: Days after auto-quote to policy activation, OKL: Days for automatic insurance establishment
Profile Option
24 Funding Streams and accounting
Stream types, stream generation template, accounting template set
Oracle Lease Management
Payables source
Oracle Payables
OKL: Funding Approver, OKL: Funding Request Approver, OKL: Lease Funding Approval Process
Profile Option
25 Income Fee Fee names, account
Stream types, stream
Oracle Lease Management
codes generation template, accounting template set
26 Interest Calculation
Interest index, stream types, stream generation template, accounting template set
Oracle Lease Management
27 Interest rate T&C
Basis of interest calculation
Interest rates, formula
Oracle Lease Management
28 Investor Agreements
Formulas, stream types, stream generation templates, accounting templates, financial products
Oracle Lease Management
29 Item Serial Numbers
Serial control
Oracle Inventory
30 Late charge and interest T&C
Basis of calculating late interest and charges
Late policy Oracle Lease Management
31 Lease Center
Contract elements updated, notification templates and tasks, streams and accounting
OKL: Allow Renewal Quote, OKL: Asset Update Enabled for a Contract, OKL: Debug, OKL: Default Note Type,
Profile Options
credit memos
OKL: Email Identity, OKL: Fulfillment Server, OKL: Fulfillment User, OKL: Hangup On End, OKL: Interactions – Default Action, OKL: Interactions – Default Action Item, OKL: Interactions – Default Outcome. OKL: Interactions – Enable Auto Wrapup, OKL: Interactions – Enable Automatic Start, OKL: Interactions – Enable Change Activity, OKL: Interactions – Generate Event Activity, OKL: Interactions – Record Media Item ID, OKL: Interactions – Start On Query, OKL: Lease Center Default Tab,
OKL: Recent Number of Days, OKL: Script Launch on Interaction, OKL: Script Launch on UWQ Delivery, OKL: Scripting Installation, OKL: Update Asset Details, OKL Update Asset Return Rules, OKL Update Billing Structure, OKL: Update Evergreen Eligibility, OKL Update Late Charges Rules, OKL Update Misc Non Financial Information, OKL Update Party Information, OKL Update Renewal Options, OKL Update Termination Option Rules, OKL: Waive Service Fee, OKL: Waive Service Fee Limit, OKL:
WRITE_ CUSTOMER_ TEMPLATE
Fulfillment templates and tasks
CRM Foundation
Accounting template set, service fees, process templates
Oracle Lease Management
32 Lease insurance
Insurance policies
Item type Oracle Inventory
OKL: Cancel policy with proof of third party insurance, OKL: Insurance Item Type, OKL: Insurance Item Type, OKL: Insurance quote deal size limit, OKL: Insurance quote deal term maximum months, OKL: Insurance quote deal term minimum months, OKL: Insurance quote duration in days, OKL:
Profile Option
Lead days to notify customer of insurance policy expiration, OKL: Maximum number of months allowed after payment for refund, OKL: Maximum number of months to refund, OKL: Minimum percent of premium paid for policy activation, OKL: Notify customer of insurance policy expiration, OKL: Payment Frequency for Automatic Insurance, OKL: Percent of total premium to pay, OKL: Third Party Task Group ID, OKL: Third Party Task Owner Group ID
Insurance providers
Vendors Oracle Payables
Insurance products, insurance asset classes, insurer rankings, insurance restrictions, stream types, stream generation template, accounting template set
Oracle Lease Management
33 Lease items List of lease items
Item and default values
Oracle Inventory
OKL: Contract Item Inventory Organization
Profile Option
34 Lease quote
Item residuals, lease rate sets
Oracle Lease Management
OKL: Number of days a sales quote remains valid
Profile Option
35 Like Kind Exchange
Accounting options (financial options)
Oracle Lease Management
36 Link Service Contract
List of items
Item and default values
Oracle Inventory
Service Contracts
Oracle Service
Contracts
Operational options (termination options)
Oracle Lease Management
37 Loss Provision
Basis of calculation
Aging Buckets
Oracle Receivables
Loss rates, stream types, stream generation template, accounting template set
Oracle Lease Management
38 Miscellaneous Fee
Fee names, account codes
Stream types, stream generation template, accounting template set
Oracle Lease Management
39 Multi GAAP Book classification for each accounting representation
Stream generation template, accounting template set, financial product
Oracle Lease Management
40 Off Lease Amortization
Hold periods
Off lease hold periods
Oracle Lease Management
41 Passthrough Fee
Fee names, account codes
Stream types, stream generation template, accounting template set
Oracle Lease Management
42 Payment stream names
Stream names, tax and
Stream types (billable), stream
Oracle Lease Management
accounting generation template, accounting template set
43 Purchase Options T&C
Calculation basis
Formulas Oracle Lease Management
44 Rebook Accounting
Operational options (termination options), formulas, stream types, stream generation template and accounting template set
Oracle Lease Management
OKL: Apply Billing Adjustment
Profile Option
45 Receipts Credit card payments
Oracle Payments, Oracle Receivables
Lockbox, Direct Debits
Oracle Receivables
OKL: AR Payment Method for Credit Card
Profile Option
46 Rollover Fee
Fee names, account codes
Stream types, stream generation template, accounting template set
Oracle Lease Management
47 Sales Representatives
<Names> Sales representatives
CRM Foundation
48 Security Deposit
Fee names, account codes
Stream types, stream generation template, accounting template set
Oracle Lease Management
49 Shipping Instructions
OKL: Transportation Department Notification
Profile Options
50 Split Asset OKL: Split Asset Retirement Type
Profile Options
51 Standard Service
List of items
Item and default values
Oracle Inventory
52 Subsidies Subsidy name, calculations, accounting, funding, applicability, recourse
Subsidies Oracle Lease Management
53 Tax Books <Number>
Tax asset books
Oracle Assets
54 Termination
Write off limit, streams and accounting
OKL: Small Balance Write-Off Tolerance
Profile Option
Formulas, stream types, stream
Oracle Lease Management
generation template, accounting template set
55 Termination Quote
Streams and accounting
Stream types, stream generation template and accounting template set
Oracle Lease Management
56 Termination Quote Process T&C
Creation method and eligibility, approval basis, calculation basis for gain / loss
Formulas Oracle Lease Management
Approval Workflow
Oracle Approvals Manager, Oracle Workflow
OKL: Manual Termination Quote Representative
Profile Options
57 Usage List of usage items and counters
Usage items Oracle Inventory
Counters Oracle Installed Base
Price List Oracle Advanced Pricing
Service Contracts
Oracle Service
Contracts
Stream types, stream generation template, accounting template set
Oracle Lease Management
58 Vendor Cures
Streams and accounting
Stream types, stream generation template, accounting template set
Oracle Lease Management
Common Questions
Setups that cannot be changed
Accounting templates – transaction type, stream type, formula and other parameters cannot be modified. The accounting template may be end dated and a new one created.Financial product – Qualities, quality values and options on a financial product cannot be modified after it has been used on a contract.Stream generation template – streams cannot be modified. Streams may be added or the stream generation template may be versioned.
What is the use of setting up the Invoice Groups
Invoice group functionality is to consolidate billable streams across multiple contracts or with in a contract or to group billing types or assets or any combination of these. The result of this is to create a consolidated invoice number that is interfaced to AR. Also when you run the 'Print Consolidated Invoice' concurrent program from OLM, you can view the result of consolidation.
Always one AR Invoice gets created for a billable stream. Invoice grouping
functionality does not group invoices in AR. It only creates the consolidated invoice number.
What are the validations on the first GL calendar period
After the first accounting period is opened in OKL, prior GL periods cannot be opened
Who is the "Customer" in this case in relation to the Lease Vendor
The user selects the customer account and billing details to be used if the related vendor/supplier has to be issued an invoice. Vendors are issued invoices for a number of purposes (recourse, repurchase, etc.). However, the vendor is not billed on behalf of the customer for regular lease/loan payment billing based on this set up.
In OKL G, I am looking for the Quote Line Alliocation screen to associate stream type to seeded Quote type purpose. The implementation guide is saying that it is a required step.
Previously, in OKL F, it was attached to Setup> Asset Management but I can't see the same screen in OKL G under the path Setup > Asset.
You will need to create stream types for the seeded stream purposes applicable to termination quotes. Then, associate these stream types to the Stream Generation Template and setup the template lines for the accounting template.
The Quote Line Allocation screen has been removed in OKL.G. We are in the process of updating the documentation.
The client will not be implementing iStore. The assignment of assets for remarketing shall not be done by the standard process. Is there a requirement to set up Catalogs in the Inventory Module.
Oracle Lease Management allows you to define Remarketer Assignments by Inventory Item Catalog and a date range. The Inventory Item Catalog setup will allow you to classify items for this purpose.
The Item Catalog will be derived from the Item selected on the contract asset line.
During Asset Return creation, the Remarketer Assignments setup will determine which Remarketer gets assigned. In the absence of a match found, the profile option "OKL: Default Remarketer team for Asset Returns" will be used.